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think the world will look like. it's fascinating. it shows china on the rise, the west in decline and china overtaking the united states in size of economy by the year 2030. here are the key findings of the new intel report. it's interesting reading. a majority of the world's population by 2030 will be out of poverty for the first time in world history. there will be wars over food and water and natural resores. populations will continue to rise and there will be recurring global economic crises but when you think about this, you think about how far we're going here. you've got asia, china in particular will be dominant. it will be stronger than its been anytime since middleages. there will be no more pax americana as its known. china will be a big driver and india will be growing like china is today. they talk about how the world is changing. it's like no other time since the french revolution. remember in the late 18th century, the industrial revolution, except it's happening more quickly. it's taking a tenth of the time for china and asia to rise quickly. let me read to you som
markets around the world were closed for christmas, and for the day after christm christmas. china, five-month high on the notion that the urbanization plan will gain spurs in the housing stocks there. japan, abe confirmed as prime minister there. the seventh prime minister in the past six years. we did see the yen hit a 20-month low against the u.s. dollar. notable lows against the euro as well. the topics in the nikkai the lowest in nine months. >> going back to his old job, that he had back in 2007. strange in and of itself. i wonder how long it will take for people to start talking about netflix after the outage going into christmas eve on social media. they were calling it no flix. and to blame amazon web services, which is one of their huge growth engines. a unit of the company they say is probably a tenth of its eventual size. >> one of the highest growth parts of amazon right now, the web services portion. their amazon is down 1.25%. i don't know if that's the reason. but it was the streaming center in northern virginia that was the source of the netflix outage. it's resolved, th
's not just about the u.s. they make a lot of money other places, right, phil? >> they do. china. china is huge for them and southeast asia. they're growing around the world. doesn't mean clear sailing. but it's a much healthier company than it was when it went into bankruptcy. >> michelle krk you tell me why buicks are so popular in china? >> it has a long history of strong image there. >> they're buicks. >> gm went in early. well, it's got a different image there. >> even tiger finally said i can't sell these things. >> any, appreciate it, michelle. thanks for trying to give me a straight answer. i'm sitting in the same chair i sit at in the morning. the big report on what happened in benghazi came out late last night and it seemed to go to great luns. >> they were mid level, right? >> yrks joe, they took the fall. from my information, i want to emphasize bend has been ongoing information. this state did and right now the people leaving the state department are victims of the government's need to cover up the larger story, that the security at the benghazi mission and it was a with th
ask you about some other stuff. japan rising. europe stocks doing very well. china stocks having a bit of a comeback year. in other words, as a global guide, there are options to playing this fiscal cliff game here in new york. >> absolutely. you don't have to just trade the s&p 500. i mean, look at tonight, you're seeing australia up a third of a point. the japanese yen is doing very well. look at hong kong. if you want to take what the federal reserve did and apply it internationally, look at hong kong. their monetary policy is pegged to what the federal reserve does. but they have an inflation issue and their economy is tied to china. so if you buy something like ewh, the hong kong etf, all those stocks are priced in hong kong dollars. if the hong kong dollar is repegged, the ewh will go up as much as the repegging. >> what does that mean for the u.s. market? where are you on the u.s. market right now? >> you know, i think right now, probably to the end of year, if we can get some kind of movement on this fiscal cliff, you have a real potential for a pop, 3%, 4%, 5%. unfortunately,
rate in china, and in a few years it will surpass the u.s. what it means, coming up. >>> dozens of homes damaged in the south, ripping off roofs and damaging trees. more to come. stamp watch, straight ahead. >>> lots to talk about this morning. the next two hours, we'll talk with steve israel. jeff sessions, sandy levin, rahm emanuel and businessman javier paolomarez, ed burns, frankie monday easy, and chuck leavell. "starting point" begins right now. welcome, everybody. "starting point" this morning, angry, united. bracing for protests in michigan as the state is poised to become the most unionized right to work state. as many as 10,000 unionized workers expected at the state capitol to voice their disapproval of the measure. some of them teachers, two detroit area school districts shut down for the day as hundreds of teachers plan to join the protest. president obama brought it up during a trip to a daimler truck factory in redford, michigan. this is what he said. >> this so-called right to work law, they don't have to do with economics, everything to do with politics. what th
that the materials were strong indicates china is doing well and that goes along with the transportation stocks so there's a little bit better tone away from the fiscal cliff. that's where it is right now. >> what about this concept. skeptical, the idea that we're underowned in the stock market and anything -- any resolution could mean stocks. >> a lot of cash on the sidelines that will be put to work if you get a little bit of a sign of a resolution here, bill. happy new year. >> nice tie, but i'm always saying that to you. we're going to the mid-point of the range, dow down 22 points. that's the first hour of the "closing bell." stand by now for hour number two. >> and welcome back, to the "closing bell." i'm mandy drury sitting in for maria bartiromo. it is the end of another trading day, and, no, we do not have a fix for the fiscal cliff. guess what, the numbers also reflect that. let's take a look at how a day on wall street, looks like the dow is down marginally, 24 points to the downside and the nasdaq off by the biggest percentage loss, down by 22 points and the s&p 500 is down by about se
are not as bad with fiscal cliff. china not as bad as we though, u.s. very strong. so nike, if it goes back to 97, it means we're going to have a real bad couple of days in my view. look at red hat. red hat is a technology company that is deeply involved in the cloud. they, too, had a better than expected number, as did oracle in the cloud. so these are my two tales for the trading today, david. if you pick the best of the best and they go down, you'll really have a couple of -- >> when it comes to the so-called cloud play and the use of it in the competition here, is that one of the key names? >> yes, it allows you to manage cloud in a cheap -- an anti-microsoft business. their partner is sales i'm really using these as tells. in other words, these are the ones where there's natural buyers. as we just found out how good things are. it wasn't like we found out a month ago. we just found out last night. if they have resilience, the market is going to be more resilient than people think. if they give up the ghost, i think next week's going to be difficult, too. >> all right. we'll be wat
, engineering, and math. if you dig in, the numbers are stunning. you look at the fact that i think china is now roughly 44% of their graduates are in those fields. europe is at 24%. america is at 16% of our graduates. i say this respectfully, knowing we are on c-span, but when the europeans are outdistancing us by 50% in an area as important talent inng human challeng these key fields that will drive innovation, you know we are in trouble. i will correct one comment, the democratic side and marco rubio and jerry moran, we have put forward legislation long before the election that says let's look at this, the competition issue and put forward an approach that many of us, including those of us in the business world, have been talking about for decades. let's recognize that while we know that we do need to prime the pump with science, engineering, math graduates, native-born americans, partly in the numbers with middle school with girls and children of color and the enormous challenges short and long term, we also have to still continue to attract talent from the world. one of the ways that we can
's right, they built it in china. >> let's never revisit that. you didn't build that. >> i'll tell you one thing, viral videos helped spread the word about it. number four, our old friend herman cain, a lot of our friends were afraid after his pokemon speech, we'd never hear from him again. this video game involving chickens. >> your average american taxpayer, big government. >> ahh! >> any questions? >> i've got a lot of questions. that is so weird. >> i totally get that video. see, the guy represents the american people, the chicken represents big government, and herman cain represents nobody ever, because he'll never get elected to anything, ever. >> you talk to herman, he still swears, he would have been the republican nominee. and i'm sitting there going, herman, seriously, you need a mental checkup. >> there's something in there that explains why we like herman cain. >> but sad reality, he was the republican front-runner. >> everybody was the republican front-runner! will was? >> never have chicken wings at a godfather's pizza. >> the next viral video is a subject near and dear to ro
their signs up, you didn't build that. i'm like, you're right, they built it in china. >> all the fact checking organizations say it was totally taken out of context and very misleading, but i really wish we had those three minutes for will to rehash the whole "you didn't build that" -- >> please, never revisit that, you didn't build that. >> well, the viral videos helped spread the word about it. now, number four, our old friend herman cain, a lot of us were afraid after his pokemon concession speech, we'd never hear from him again, but he does have a life after the presidential campaign. this video involving chickens. >> is the average american taxpayer feeding big government? >> ahh! >> any questions? >> i've got a lot of questions. that is so weird. >> i totally get that video. see, the guy represents the american people, the chicken represents big government, and herman cain represents nobody ever, because he'll never get elected to anything, ever. >> you talk to herman, he still swears, he would have been the republican nominee. and i'm sitting there going, herman, seriously, you
supportive of the president's decision china cabinet secretary, particularly secretary donovan into the bad because it recognizes while fema has primary roles in damages caused by the storm and to a certain degree to mitigate future impacts, much of the infrastructure preexisting condition and long-term housing needs are best addressed to existing authoress programs that will need more funding. as we look at the supplemental, were not just looking at the drs. we're looking at the whole range of federal programs that will be required to successfully recover communities, restore them to sustainable economies. part of the post-katrina reform act that the groundwork for this commitment and shared. there would be no disaster recovery framework unless congress directed it. it would be no framework for secretary donovan to begin with. the legacy is still a go, tools we did not have we now have. another two were to not have was the team sent in before the storm hit. previously would have to be for governors to experience double dose station before they ask for assistance but for the can respond. co
deadly before the vote with critics fearing an era of islamic rule and fewer personal freedoms. >> china launched this, the longest bullet train line in the world, the first one that left beijing this morning zipping down to guangzhou, about the distance from new york to key west. the trip will take eight hours. >> it would be nice to have that here. >>> american soldiers targeted in a bomb attack overseas. we'll go live to the pentagon after this. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. i get congested. but now, with zyrtec-d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets
has two two -- [inaudible] where do syria people expect to go -- china, russia, support the assad's regime? >> we noted the opposition made gains, the assad continues to lose control over syria. it is no mystery that we were disappointed in the failure of the security council because of a lack of agreement by some members to take actionings through -- actions through the council with assad and work with our international partners to pressure assad and assist the people of syria and the opposition, that that work continues. >> represent china? >> i think i addressed that question. >> thank you, sir. >> john? >> thank you. the world's financial community is watching this fiscal cliff process closely with concern. the parties fail to reach a deal before jan -- january 1, what assurances do you have that america will not default on its debt? >> well, we addressed the issue of the debt ceiling, and the president's firm belief it is unconceivable that -- and unacceptable that leader in congress want to engage in brinksmanship witnessed in 20 # 11 on the issue of making sure the united s
on january 4th. they fear this could be to natural gas production what the "china syndrome" was to the nuclear power industry. it stars matt damon looking to line up leases in pennsylvania farm country and john as a environmental activist to try to stop him. >> i'm here my farm is gone. the land turned brown. it happened to one of us. it could happen to all of us. >> reporter: damon and chris since ski who co-wrote the script together, they're using fracking as jumping off point to explore american identity. >> it really asks more questions than it answers but they're important questions that i think we're all need to be asking right now. >> reporter: but conservative blogs like the heritage foundation say this move -- movie looks nothing on surface to be hit piece on tracking indisstri. analysts say this could be a big problem going forward. charles edwards with the brookings institution. >> someone like matt damon will make convincing actor, undoubtedly casting concerns about shale gas on the horizon. that will probably become a lot of people's perceptions that shale gas
.s. economy will go into recession. we closed down our manufacturing in china and relocated it in the usa. for other companies to follow our lead, they need to trust our leaders in washington will actually lead. think outside the box, great incentive for businesses to invest in the u.s. economy. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. what starts with adding a friend... ♪ ...could end with adding a close friend. the lexus december to remember sales event is on. this is the pursuit of perfection. >>> financials have been on fire for most of 2012. but interest rates and regulation are still putting some profit margins under pressu pressure. here's what's in store for 2013. >> reporter: after a year's l
. >>> "the boston globe," china's largest auto manufacturer has the winning bid for a a123, a brumt battery maker based in the u.s. the company received $133 million in federal stimulus grngrnt grants before going under. republicans called the case a textbook example of wasted stimulus money. >>> "usa today," controversy surrounding the korean pop sensation psy. he performed last night at the christmas in washington concert with the president and his family in attendance. he has that dance, you know? >> you know, everybody, like, sends me videos of them doing this. i have no idea what it is. >> "gangnam style." >> is that how you say it? >> yeah. >> oh, you know what? i prefer to be out of it on this one. >> so this was just days after video surfaced of him using inflammatory anti-american language and leading anti-u.s. protests at a concert in 2004 amid the heat of the iraq war. the song, which is a cover called for killing, quote, yankees. on friday psy issued an apology saying he understands american servicemen's sacrifices and regrets using the inflammatory language. >> it was really ha
? china's got this fledgling recovery going. if you look at the trade numbers, they're extremely weak into the european bloc. they're okay into the u.s. bloc. but u.s. demand deteriorates, then there's no chinese recovery. and then the bid for commodities and all the demand related to that gets -- >> right. you said it, barry, because it's been signaling that in the currency market because the aussie dollar which is the proxy for the risk trade for asia has been very weak relative to the eu euro. that's signaling the market is very concerned about that going forward. >> copper, as well, i think is another indicator. >> you know, roger, i hear all of this, and you're somebody who knows what happens behind the scenes in washington. you know how these thingsz work. when you see how this is setting up at this point, what do you really see as the most likely scenario between now and the end of the year and then into january? >> first of all, i don't think anybody wins if we go over the fiscal cliff. i don't. i doubt we would stay over the cliff so to speak for more than very, very short pe
to handle manufactured goods from china. it's also the largest port on the east coast. now, last year this port handled $208 billion in cargo. we're talking about products like furniture and also apparel. in 2002, we saw a west coast port lockout. estimates suggest that that cost the economy $1 billion a day. and as with the fiscal cliff, there's a political angle with the container cliff as well. business groups are asking president obama to use his emergency powers under taft hartley to prevent a strike. president bush did that back about ten years ago. while a strike will cause major disruptions, there are alternatives for transporting goods, rail and also air are options, but of course those options are not cheap. >> back in november, our members started putting contingency plans into place. the options were either divert containers to west coast ports, bring merchandise in earlier, use canada or mexico, or use air freight. but all of those come at a significant cost as well. >> now, the deadline is 12:01 tomorrow night. and i think it's safe to say that retailers are hoping we co
know that we compete in the global economy. when we look at the tax policies of japan, china, brazil, other people we're competing for in a global economy we need to keep those rates low. keeping the rates low encourages businesses to commit long-term capital signatures, grow jobs, and grow personal income. >> i know you're a, you know, i know you're a giver, give, give, give. all you're worried about are your investors. what about southern company? why are you so on the dividends -- how does it affect southern company what happens with dividends and capital gains? >> well, it impacts southern as it impacts every other company in our industry. you know, when you think about the electric utility industry, we are a low beta kind of industry. we are low risk and typically we have a relatively attractive dividend yield. the general formation of return to investors is about 50% dividend yield and about 50% growth and earnings per share. so it's critically important for our industry which interestingly is one of the great contributors to employment growth and variety of other things. we sp
Search Results 0 to 19 of about 20 (some duplicates have been removed)